News


Chinese coins to honor Mao

A former leader of China is to be honored through the issue of gold and silver coins. A Chinese news agency reports that the coins will mark the centenary this month of the birth of Mao Tse-tung. The …


Alluvial diamonds found near Wawa

Diamond fever has gripped Wawa following the discovery of two alluvial diamonds and several indicator mineral grains in the Michipicoten River Basin. The rush was precipitated by prospector “Mickey” C…



FINANCING (December 13, 1993)

Euro-Nevada Mining — 1.1 million units consisting of sh and purchase wt @ $38 per unit. Equinox Resources — 3 million shs to be issued upon exercise of 3 million special wts. Each unit consists of o…


GOLD FUNDS (December 13, 1993)

BGR Central Net Value $14.73 $6.20 Price $13.75 $6.875 Premium 10.9% Discount 6.67% Value $82,524,000 $112,200,576…



NEWS IN BRIEF (December 13, 1993)

Kemano Resources (KRL.A:ASE) and Canadian Northcor Energy have amalgamated to form Purcell Energy (PEL:VSE). Kemano shareholders receive 0.9 new for one old share and Canadian Northcor Energy sharehol…


Nova Scotia government offers hope to ailing industry

The recently elected Liberal government of Nova Scotia intends to create “a balance point” between environmental and mining interests over the next year, said Donald Downe. Downe, natural resources mi…



Placer to sell Eskay interest

In concert with the planned combination of Stikine Resources and Prime Resources Group (TSE), Placer Dome (TSE) plans to sell its interest in British Columbia’s Eskay Creek project. Placer, which hold…


NEWS ROUNDUP — Gold at Slaven Canyon

Several gold intersections are reported from the Slaven Canyon property on Nevada’s Battle Mountain trend. Thirteen shallow holes were drilled to test a strong geochemical anomaly, and 11 of these int…


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